Stock Traders Buy Large Volume of Ford Motor Company Put Options (F)
Shares of Ford Motor Company (NYSE:F) saw some unusual options trading on Friday. Stock traders bought 13,996 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 109% compared to the typical volume of 6,700 put options.
In other Ford Motor Company news, VP David G. Leitch sold 60,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $17.44, for a total transaction of $1,046,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Ford Motor Company in a research note on Wednesday, August 13th. They set a “neutral” rating and a $18.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Ford Motor Company from a “hold” rating to a “buy” rating in a research note on Tuesday, August 12th. They now have a $22.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ford Motor Company in a research note on Friday, July 25th. They now have a $20.00 price target on the stock, up previously from $19.00. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ford Motor Company presently has an average rating of “Buy” and an average price target of $19.38.
Shares of Ford Motor Company (NYSE:F) traded down 0.06% on Friday, hitting $17.41. 15,364,644 shares of the company’s stock traded hands. Ford Motor Company has a one year low of $14.40 and a one year high of $18.12. The stock’s 50-day moving average is $17.38 and its 200-day moving average is $16.35. The company has a market cap of $67.524 billion and a P/E ratio of 10.71.
Ford Motor Company (NYSE:F) last announced its earnings results on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.06. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.13 billion. During the same quarter last year, the company posted $0.45 earnings per share. Ford Motor Company’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Ford Motor Company will post $1.33 EPS for the current fiscal year.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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